Jul 25, 2019
In episode 176 of Financially Simple, Justin continues his analysis of Risk Management by looking at Long Term Care and how it can affect you as a business owner.
Long-Term Care is an increasing problem - as people live longer, the risk of becoming susceptible to an illness that affects their day-to-day concerns increases. In this first episode of two about Long-Term Care, Justin explains the basics and gives the facts and figures of this growing concern.
BLOG: Long-Term Care Part I - The Numbers Behind the Need
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01:18 - Long-Term Care - the Overview
01:28 - A Personal Experience
03:18 - Long-Term Care for Business Owners
05:00 - What is Long-Term Care?
07:45 - How Big of a Problem is it?
11:48 - Stats on the Cost of Long-Term Care
15:10 - What if Your Employees are Affected?
16:02 - Stats on Claims Paid for Long-Term Care
18:28 - Wrap Up
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Justin A. Goodbread, CFP®, CEPA,
CVGA, is a nationally recognized financial planner, business
educator, wealth manager, author, speaker, and entrepreneur. He has
20+ years of experience teaching small business owners how to
start, buy, grow, and sell businesses. He is a multi-year recipient
of the Investopedia Top 100 Advisor and 2018 Exit Planning
Institute’s Exit Planner Leader of the Year.
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